The recent Scottrade Bank breach highlights third-party vendor risk, American Banker wrote. “In the bigger picture, not only is vetting and monitoring third parties an increasingly important priority for banks but so is encrypting all sensitive information at all times. New York State regulators have emphasized this in their new cybersecurity rules.”

Yahoo disclosed this in November, so I’m not sure why this is suddenly getting more play. But, in case you missed . . . The Securities and Exchange Commission is investigating the timing of Yahoo’s disclosure of the two large cyber breaches it suffered to investors, reported the Wall Street Journal. “To date, Yahoo hasn’t explained why the…

In the wake of the $81 million Bangladesh Bank hack, financial messaging service Swift has reportedly asked its clients “to be more forthcoming in reporting attacks on its system.” According to a Reuters report, three banks involved in a $12 million cyber-attack last year failed to inform Swift of the hacks.

The court used statements that P.F. Chang’s made in response to the breach and protective remediation measures it implemented to draw inferences that customers were at a risk of identity theft and harm, and then used those inferences to find that plaintiffs had standing to proceed with their litigation. The case raises new issues that…